Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1887-04-29
EnaRn OE TRADE.

The Action Touching Pei manent Building
The directory OF the Board OF Trade met
at their room last evening to hear reports q
committees on railroads, on manufacture
ard on packing houses; also report Of perma
nent building committee All the matters
were disposed of satisfactorily. The follow
ing is the report of the committee Oh perlna
nent building, which was adopted. A char
ter was ordered drawn in blank to be sub
mitted at Board Of Trade meeting cailec
for tonight, at the Board of Trade rooms
over the Wichita National Bank.
WICHITA, Kan, April 2S, 1887.
To the Board OF Trade:
GENTLEMEN-Yuur committee on perma
tent building beg leave to report that your
committee met at p. NJ, at Kansas NaIloh
II bank Present. Lewis, Clement aud Har
ris After discussion your committee passed
| the following resolution, viz:
Resolved. That we recommend:
First-That the Board OF Trade organize a
building association within its own member
ship, aud that no one be permitted 10 SUD
scribe for the stock except members.
Second That the capital stock be Sl00,UOU
one thousand shares of 500 each, said capital
a be paid in. in lDstallnents as same Is re
Quired from time to time by the board OF
,.rA.rorv or hu,idink committee appointed
by the new corporation.
In.rd Tuat ,roLn alii after the oate OF tns
charter any member OF the Board or Trade
NAV subscribe for not exceeding 70 shares OF
the capital stock, until after May 10, 1887
After that date any member may subscribe
for the stock until same Is exhausted, III
sums not TO exceed 80 shares Of SlU0 each.
Fourth. We recommend that the Boaid OF
Trade subscribe for 100 shares OF said stock
Fifth. We recommend that the building to
be erected be at least 75Xl40 TT in area and
four stories high-and that the first floor De
so arranged as to be used Tor business houses
sixth That the cost be SlbO,0OO, exclud-
i,g any and all donations. This sum to in
clude ground and building.
seventh. That We recommend that SAID
building be built on one of the following
sites. the site chosen to be located taking in
to consideration eligibility, donations and
proximity to business and income OF build
ing after completed.
1,phtn. Sites recommended, to-wit: Cor
ner Main and William, corner Market and
William, corner Lawrence and W H.
lam, corner Topeka and William,
First and Market, First and Lawrence, First
and Topeka
Y,nr committee urge that no site be &C
rapted east of Topeka, south OF Williams.
west of Main or north of Second, except
as above specified.
We also rec. nlmepd that after all of the
stock OF the corporation formed, as suggest
ed is subscribed and the hrst
installment paid in to the treasurer chosen
that the stock holders ho'd a meeting after
lue notice in the Daily EAGLE and Beacon.
and decide BY vote of stock on locatlon,each
share paid in to have one vote. We recon-
mend that as soon as the charter Is received
and the It OK subscribed that any person
who desires to bid on locations be permitted
70 do 50: aud that they make scale bid ,ful-
ly setting out property, accompanied
by an abstract of title, and Il
bond signet by respon IDLE suretles,
which bond shall be conditional IN penslty
of value of ground; that if sa,d bid SO made
IS accepted by the building association In
thirty days from date of bid, that The pm
cipal and surerieS in said bond will procure
the title of the q ound to be conveyed to said
corporation; sal bu u tie sIgued by owner
of land and husband aud wife, as the case
may be- and occupant of land, and the title
to be w D.; title free from all leins or
claims of every kind. Secretary Of Board OF
Trade will furnish copy of bid and bond; no
bid to be considered that does not comply
with recommendation All bids to be in by
May 18TH, 1887. Due notice to be given IN
newspaper when board is ready to receive
bids; no bid to be received unless possession
can bs given in sixty days.
Respectfully submitted,
H W LEWIS,
Kos HARRIS,
G. w CLEMENT